April 2, 2020

As millions lose jobs, Fed policymakers say recession is here

The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands […]
April 2, 2020

Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, details unclear

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an […]
April 2, 2020

U.S. Air Force recommends paying Boeing up to $924 million: sources

The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in the […]
April 2, 2020

Coronavirus punishes Warren Buffett’s equity holdings

The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett’s equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for […]
April 2, 2020

Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts

Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields. Powered by WPeMatico
April 2, 2020

U.S. financial industry asking SEC to delay broker disclosure rule, citing coronavirus: sources

The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of […]
April 2, 2020

Dollar gains for second day, shrugs off record U.S. jobless claims

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession, continued […]
April 2, 2020

Walmart puts partial sale of UK’s Asda on hold due to coronavirus crisis: source

Walmart , the world’s largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus […]
April 2, 2020

U.S. borrowers struggle to get coronavirus relief from big banks

U.S. borrowers seeking a reprieve from mortgage, auto or credit card payments because of coronavirus hardships are not getting the help they expected from big banks […]
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